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Every Mortgage Tells A Story: Specialist Help to Buy

Vida Homeloans is the award-winning specialist residential and buy to let lender for customers who may not fit the criteria currently demanded by high street lenders. Every mortgage tells a story; tell us your customer’s.

Meet Lee and Suzy. They want to purchase a New Build property where the developer is part of the Help to Buy (HTB) scheme in England and Wales. They want to borrow 75% of the value of the property, with 20% of the deposit coming from the HTB scheme and 5% from a Help to Buy ISA. Suzy is employed but Lee is a self-employed contractor and has just started a new six month contract. He recently missed a small payment to his credit card provider. Although they’ve been turned down by a couple of high street lenders their broker knows that this is just the sort of case where Vida will listen to their story.



Why should you consider Vida for your Help to Buy customers

  • Available up to 80% LTV for a Scottish purchase, 75% in England, London & Wales
  • 4.8% Revert rate options for both 2 and 5 year terms
  • Up to 85% LTV remortgage when staircasing on all schemes
  • Extensive New Build criteria - fast-tracked initial offer lasting 6 months, extendable by another 6
  • Gifted deposits and HTB ISA (plus bonus) accepted
  • Builder incentives considered above customer’s 5% deposit
  • Impaired and improving credit history accepted
  • Self-employed minimum 1-year trading
  • Contractors with short work history accepted